Merck is the first major pharmaceutical company to actually lower its drug prices in the wake of the Trump administration’s drug-pricing plan, which was unveiled in May, as Pfizer and Novartis simply deferred future price increases.

While the Trump administration didn’t single out Merck recently, the firm was the subject of a tweet by Trump last August. Amid Merck CEO Ken Frazier’s withdrawal from Trump’s manufacturing council, Trump tweeted that the move would give Frazier more time to “LOWER RIPOFF DRUG PRICES!”

Here’s Merck’s statement:

“Merck (NYSE:MRK), known as MSD outside the United States and Canada, has a long history of responsible pricing. In 2017, Merck issued its second annual Pricing Action Transparency Report, which showed that net prices across Merck’s U.S. product portfolio declined by 1.9 per cent. We believe that further changes are still necessary to help reduce patient out-of-pocket costs. To demonstrate our commitment to achieving this goal, we are making the following announcement:

We commit to not increase the average net price across our portfolio of products by more than inflation annually.

We are also lowering our price on ZEPATIER by 60 per cent and several other medicines by 10 per cent to reduce out-of-pocket costs for patients across the country. The Merck products selected were based on a range of factors including the gap between list price and actual discounted (net) prices paid in the market, the contractual obligations under existing arrangements with payers, and the opportunity to broaden access to treatment.

Going forward, we will continue to evaluate our portfolio of products to look for opportunities to further reduce costs for patients and the health care system.”